GAMMA Investing LLC Has $182,000 Stock Position in Carter’s, Inc. $CRI

GAMMA Investing LLC grew its holdings in Carter’s, Inc. (NYSE:CRI) by 201.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,043 shares of the textile maker’s stock after purchasing an additional 4,039 shares during the period. GAMMA Investing LLC’s holdings in Carter’s were worth $182,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Allworth Financial LP grew its position in Carter’s by 313.1% in the first quarter. Allworth Financial LP now owns 723 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 548 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Carter’s by 80.9% in the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 475 shares in the last quarter. US Bancorp DE grew its holdings in shares of Carter’s by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 437 shares in the last quarter. Headlands Technologies LLC bought a new stake in Carter’s during the first quarter worth about $58,000. Finally, Security National Bank bought a new stake in Carter’s during the first quarter worth about $69,000.

Analysts Set New Price Targets

CRI has been the topic of several recent analyst reports. Zacks Research lowered Carter’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. UBS Group decreased their target price on shares of Carter’s from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Finally, Barclays dropped their price target on shares of Carter’s from $25.00 to $22.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and a consensus price target of $30.25.

Carter’s Price Performance

Carter’s stock opened at $29.17 on Monday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 7.74 and a beta of 1.02. The company has a current ratio of 2.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Carter’s, Inc. has a 12 month low of $23.38 and a 12 month high of $68.69. The stock’s 50 day moving average is $27.93 and its 200-day moving average is $32.18.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.26). Carter’s had a net margin of 4.79% and a return on equity of 20.68%. The firm had revenue of $585.31 million during the quarter, compared to the consensus estimate of $563.24 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts expect that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th were paid a $0.25 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $1.00 annualized dividend and a yield of 3.4%. Carter’s’s payout ratio is 26.53%.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.